Startups

Vidia Equity: Climate Fund I Closed At €415 Million

By Amit Chowdhry ● Jan 22, 2024

Vidia Equity - a thematic investor in industrial decarbonization climate solutions - recently announced the final close of its Vidia Climate Fund I. At €415 million, the fund was oversubscribed.

Cart.com: Commerce And Logistics Company Raises $70 Million In Debt Refinancing From Silicon Valley Bank

By Amit Chowdhry ● Jan 22, 2024

Cart.com - a leading provider of unified commerce and logistics solutions that enable merchants to sell and fulfill anywhere - recently announced it has secured a $70 million debt facility from Silicon Valley Bank (SVB), a division of First Citizens Bank. The latest facility is part of a larger $100 million debt refinancing provided by SVB’s Technology Corporate Banking Division and Trinity Capital.

Oleria: Autonomous Identity Security Solutions Company Raises $33.1 Million

By Dan Anderson ● Jan 22, 2024

Oleria - a company providing adaptive and autonomous identity security solutions - recently announced it has raised $33.1 million in a Series A funding round. This latest funding, which brings the company’s total funding to over $40 million, was led by Evolution Equity Partners with participation from Salesforce Ventures, Tapestry VC, and Zscaler. This funding round also enables Oleria to ramp up hiring to accelerate its product innovation, including AI capabilities, as well as its go-to-market strategy.

Kiln: Enterprise-Grade Staking Platform Closes $17 Million In Funding

By Annie Baker ● Jan 22, 2024

Leading enterprise-grade staking platform Kiln announced the closing of a $17 million funding round led by 1kx, with participation from IOSG, Crypto.com, Wintermute Ventures, KXVC, LBank, and further contributions from existing investors.

New Energy New York Opens Applications For ChargeUp Accelerator

By Amit Chowdhry ● Jan 22, 2024

New Energy New York (NENY) has opened applications for ChargeUp, a new accelerator that will help startups working on battery innovations advance their technology development and their business. And early-stage companies with battery innovations anywhere in the supply chain are encouraged to apply by 11:59 p.m. EST Feb. 23, 2024. Companies accepted into the accelerator will receive $25,000, connections to investors, and opportunities for follow-on investment including up to $100,000 for technical development. The participation in the Binghamton based accelerator is mostly remote, with select weeks in person for instructional workshops and pitches to investor groups.

SKY ENGINE AI: $7 Million Secured To Advance Vision AI Development

By Annie Baker ● Jan 22, 2024

SKY ENGINE AI recently announced it raised $7 million in Series A round to help tech companies improve computer vision with Synthetic Data Cloud for AI developers.

TrusTrace: Product Traceability And Compliance Company Secures $24 Million

By Amit Chowdhry ● Jan 22, 2024

TrusTrace - a global SaaS company with a market-leading platform for product traceability and compliance - recently announced it completed a $24 million growth investment led by Circularity Capital, a specialist investor in businesses that enable the circular economy, with participation from existing investors Industrifonden and Fairpoint Capital.

Alphathena: Funding Raised From ETFS Capital And HPA

By Amit Chowdhry ● Jan 22, 2024

Alphathena - a leading AI-powered direct indexing platform for Registered Investment Advisors (RIAs) - recently announced it has secured a $4-million investment led by ETFS Capital, with Hyde Park Angels (HPA) joining the round.

Digital Onboarding: $58 Million Raised To Build Engagement Platform For Banks And Credit Unions

By Dan Anderson ● Jan 22, 2024

Digital Onboarding - a SaaS company helping more than 100 financial institutions deepen their customer relationships - recently announced it closed a $58 million growth investment from Boston-based growth equity firm Volition Capital. The funding round follows rapid secular growth for Digital Onboarding as banks and credit unions increasingly seek out digital solutions to drive customer engagement and additional product adoption.

ORTEC Partners With Battery Ventures To Accelerate Growth

By Noah Long ● Jan 22, 2024

ORTEC - a global provider of decision support software and data science capabilities - recently announced a partnership with investment firm Battery Ventures to accelerate its growth ambitions. This partnership, including a significant investment by Battery, marks a key moment in ORTEC’s existence and positions the company to increase its impact on customers and in core markets globally.

Blueshift Raises $40 Million Growth Investment From Runway Growth Capital

By Annie Baker ● Jan 22, 2024

Runway Growth Capital LLC - a leading provider of growth loans to both venture and non-venture-backed companies seeking an alternative to raising equity - recently announced a $40 million debt commitment to Blueshift. Blueshift helps brands automate and personalize engagement across every marketing channel, using a unique combination of Customer AI & Generative AI.

Act One Ventures: $73 Million Raised For Third Fund

By Amit Chowdhry ● Jan 22, 2024

Act One Ventures - an early-stage VC firm that created the Diversity Rider, has finished raising its third fund. With $73 million in committed capital, Act One more than tripled the $23 million raised for its second fund and brought its total assets under management (AUM) to $148 million.

CloudTalk: AI-Powered Voice Communication Company Raises $28 Million

By Annie Baker ● Jan 22, 2024

CloudTalk - a rapidly growing AI-powered calling solution - recently announced it raised a $28 million round, closing its Series B funding. The latest funding round, co-led by KPN Ventures and Lead Ventures and supported by existing investors Point Nine Capital, henQ, Presto Ventures, and Orbit Capital is a major step in CloudTalk's journey to transform business communication.

BankingON: Digital Banking Solutions Company Raises Series A Funding

By Noah Long ● Jan 22, 2024

BankingON - a leading provider of award-winning digital banking solutions - recently announced it raised its Series A funding round led by Eagle Venture Fund to launch Boucoup, a family finance mobile banking and interactive learning platform for credit unions.

Forta: $55 Million Raised To Improve Access To Quality Healthcare

By Amit Chowdhry ● Jan 22, 2024

Forta - an AI healthcare company improving access to dependable quality care - recently announced it has raised $55 million in Series A financing led by global software investor Insight Partners. Several leading technology and healthcare investors participated in the round, including Exor Ventures and Alumni Ventures and founders of 23&Me, Curative, Forward, Flexport, Warby Parker, Prelude Fertility, Harry's, and Allbirds.

Electra: Fast-Charging EV Network Company Raises €304 Million

By Amit Chowdhry ● Jan 22, 2024

Electra - a European fast-charging network for electric vehicles - recently announced fundraising of €304 million, entirely in equity, a record amount in the charging sector.

Vertice: Cloud Spend Management Platform Company Raises $25 Million

By Amit Chowdhry ● Jan 22, 2024

Vertice, a SaaS and cloud spend management platform, recently announced a $25 million Series B following a year of lightning-fast revenue growth. And the company has now raised a total of $51 million since January 2022, upping its valuation into the hundreds of millions. Vertice will use funding to fuel its pace of product innovation further and accelerate its worldwide expansion.

PredictAP: Invoice Ingestion And Coding Solution For Real Estate Accounts Payable Secures $8 Million

By Annie Baker ● Jan 22, 2024

PredictAP - a machine-learning-enabled invoice ingestion and coding solution for real estate accounts payable (AP) - recently announced the closing of its $8-million series A financing round.

Certis Oncology: $10 Million Raised To Combine AI-Directed Drug Development With Functional Testing

By Dan Anderson ● Jan 22, 2024

Certis Oncology Solutions - a precision oncology and translational science company focused on combining AI-directed drug development with advanced functional testing - recently announced that it raised $10 million in a Series C funding round, raising the total to $42 million.

Element Zero: Green Materials Platform Company Secures $10 Million

By Annie Baker ● Jan 22, 2024

Green materials platform company Element Zero recently announced that it has raised $10 million in seed funding led by Playground Global. The company developed a novel approach to cost-effectively convert metal ores like iron, nickel, and other future-facing materials to pure metals with zero carbon emissions.

Timeline: Longevity Biotech Company Raises $66 Million In Funding

By Amit Chowdhry ● Jan 22, 2024

Timeline - a consumer health biotech company at the forefront of developing innovative solutions for healthy aging and longevity - recently announced that it raised CHF 56 million ($66 million) in an oversubscribed Series D financing round. This marked a significant milestone for the company, including strategic investments from two global industry leaders, L’Oréal and Nestlé.

RocketStar: Rocket Propulsion Technology Company Raises $2 Million And Buys Miles Space

By Noah Long ● Jan 22, 2024

RocketStar - a frontrunner in transforming the boundaries of space exploration and satellite services - recently announced a series of achievements that enable the company to take advantage of the $10 billion space propulsion market. These achievements include securing a $2 million seed investment, acquiring Miles Space (a space propulsion and spacecraft manufacturer), and announcing a new member to its board of directors, Mitchel Simpler.

Lative: Sales Performance Automation Company Raises $3 Million

By Amit Chowdhry ● Jan 22, 2024

Lative - a leading sales performance, efficiency, and planning platform for high-performance B2B revenue and finance teams who want to automate their analysis and planning to maximize profitable sales growth and improve revenue efficiency - announced it has raised $3 million in seed funding. The company previously raised a $1.5 million pre-seed round at the beginning of 2022.

Lightship: All-Electric RV Company Closes $34 Million In Funding

By Noah Long ● Jan 22, 2024

Lightship - which is America's first all-electric RV company - recently announced the completion of a $34 million Series B financing to accelerate production of the Lightship L1. The funding round was co-led by Obvious Ventures and Prelude Ventures and joined by Allegis Capital and global RV manufacturer THOR Industries and its investment partner TechNexus Venture Collaborative. Returning investors Congruent Ventures, HyperGuap, and Alumni Ventures also joined the fundraise.

QDI Systems: €5 Million Raised To Transform The Medical Imaging Industry

By Amit Chowdhry ● Jan 22, 2024

QDI Systems - a deep technology company based in Groningen - recently announced its Series A funding of €5 million to scale up its revolutionary quantum dots technology for the medical sector and new markets. NOM, the Investment and Development Agency for the Northern Netherlands led this funding round. They were joined by the company's previous investors, Carduso Capital, RuG Ventures, and the renowned Nordic venture capital fund Maki.vc.

Cleveland Diagnostics: $75 Million Raised For Developing Early Cancer Detection Tests

By Amit Chowdhry ● Jan 22, 2024

Cleveland Diagnostics - a clinical-stage biotechnology company developing next-generation diagnostic tests for the early detection of cancers - announced the closing of over $75 million in growth capital financing. The funding was led by Novo Holdings, a leading global life sciences investor responsible for managing the assets of the Novo Nordisk Foundation, along with participation from existing investors and a credit facility from Symbiotic Capital. The financing will accelerate Cleveland Diagnostics’ commercial and corporate development goals.

CorriXR: Oncology-Focused Biotherapeutics Development Company Raises Funding

By Amit Chowdhry ● Jan 22, 2024

Cortado Ventures - a leading investment firm committed to supporting innovation and growth - announced a strategic investment in CorriXR Therapeutics, an oncology-focused biotherapeutics development company with a pioneering gene editing platform technology. And this investment solidifies Cortado's commitment to advancing cutting-edge medical solutions and supporting the development of groundbreaking treatments for cancer.

Vicarius: End-To-End Vulnerability Remediation Platform Company Raises $30 Million

By Amit Chowdhry ● Jan 22, 2024

Vicarius - the developers of vRx (the industry’s first fully autonomous end-to-end vulnerability remediation platform) announced a $30 million Series B led by cybersecurity investment firm Bright Pixel (formerly Sonae IM). And AllegisCyber Capital, AlleyCorp, and Strait all participated in the financing. The company’s total funding is now over $56 million.

Sway (Formerly Returnmates) Secures $19.5 Million In Funding

By Noah Long ● Jan 22, 2024

Sway (formerly Returnmates) is a technology company that enables customer-centric delivery and return experience. And the company rebranded to Sway, a name representative of the multi-directional services offered to retailers, expanding beyond returns to incorporate last-mile delivery.

Prismatic: Embedded Integration Platform Company Raises $22 Million

By Amit Chowdhry ● Jan 22, 2024

Prismatic - a leading embedded integration platform - recently announced $22 million in Series B funding to drive platform innovation. Five Elms Capital led the funding round, which is the growth equity firm's second investment in Prismatic in less than a year.